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Question

A dealer pays VAT of Rs. 13000 @ of 5%, find his sales for the given period.

A
160000
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B
260000
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C
360000
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D
460000
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Solution

The correct option is B 260000
Let total sales be Rs. x
Total VAT paid = VAT % of total sales
13000=5×x100
x= Rs. 260000
Therefore, total sales 260000.

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